CEMEX will sell its Philippine operations for ~US$800 million. The deal includes selling 89% of Cemex Holdings Philippines, Inc. (CHP) for US$660 million free of debt and a 40% stake in other assets in the country for US$140 million. CEMEX expects to close the deal by YE24, while the proceeds will be allocated to growth investments, debt reduction, and other corporate purposes.

Prudential Private Capital announces its intention to capitalize CERAMIC. This transaction is contingent on the completion of a takeover bid on CERAMIC by Holding Lupo Corporation (a group of controlling shareholders), leading the former to delist from the Mexican Stock Exchange. No information regarding either offer has been made official.

• As the contract negotiation deadline looms, the Telmex workers’ union (STRM) criticized the company for ignoring workers’ demands, including a 16% wage increase. With a strike planned for April 25, pressure mounts on Telmex to present real proposals.

• The Lower House approved Injunction Law reforms that eliminate justices’ authority to suspend the application of general laws, arguing to strengthen constitutional control and prevent suspensions without careful analysis.

• The OECD urged Mexico to enhance its public procurement to ensure quality services and suggested measures for innovation and efficiency in technology acquisitions.